Alibaba’s Jack Ma resigns from SoftBank board

Alibaba co-founder Jack Ma will be resigning from SoftBank board of directors. Jack Ma serving for nearly 13 years in the board. Ma is expected to resign from the Group’s board on June 25. The news comes as the group posted record financial loss of USD 13 billion. Jack Ma had retired as the Executive Chairman of Alibaba in September 2019.

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The Softbank Group’s board of directors comprises 11 directors. The Group is expected to expand the number of its board members to 13. The company recently proposed nomination of three new directors to the board: chief Financial Officer Yoshimoto Got, Cadence Design Systems CEO Lip-Bu Tan and Waseda Business School professor Yuko Kawamoto.

Important takeaways for all competitive exams:

SoftBank CEO: Masayoshi Son.
SoftBank Headquarters: Minato City, Tokyo, Japan.
SoftBank established: 3 September 1981.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.